U.S. Concrete Announces Second Quarter 2020 Results

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US Concrete (USCR) Tops Q2 EPS by 70c, Revenues Beat

August 4, 2020 5:59 AM EDT

US Concrete (NASDAQ: USCR) reported Q2 EPS of $0.49, $0.70 better than the analyst estimate of ($0.21). Revenue for the quarter came in at $322.7 million versus the consensus estimate of $320.87 million.

SECOND QUARTER 2020 RESULTS AND HIGHLIGHTS(1)

Consolidated revenue was $322.7 millionAggregate products revenue was $54.5 million, an all-time quarterly highAggregate products Adjusted EBITDA was $21.6 million, an all-time quarterly highOperating income more than tripled from the prior year second quarter to $21.6 millionNet income increased to $6.5 million from $0.9 million in the prior year second quarterTotal Adjusted EBITDA(2) increased 13.3% to $47.6... More